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An Ice-cream seller observed the following demand within the last 2 years: Year Quarter Period Demand in kg 1. 1 90 2. 2 150 1
An Ice-cream seller observed the following demand within the last 2 years: Year Quarter Period Demand in kg 1. 1 90 2. 2 150 1 3. 3 240 4. 4 60 1. 5 80 2. 6 170 2 3. 7 260 4. 8 Please answer the following questions using this table: | Q7.At the end of the second year, he wants to forecast the demand for next year. He knows that one season lasts one year. Calculate the forecast for the next four quarters (for Year 3) at the end of the secon year using the method of trend adjusted exponential smoothing if alpha=0.8 and beta=0.5 and assume that F=120 and To=0. 2 70 (B) (A) Q1=110 Q2=110 Q3=110 Q4=110 Q1=105 Q2=100 Q3=95 Q4=90 (C) Q1=100 Q2=100 Q3=90 Q4=90 (D) Q1=105 Q2=105 Q3=105 Q4=105 (E) Q1=90 Q2=95 Q3=100 Q4=105
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